Increasing consumption of electronic devices, growing government concern and numerous initiatives taken by original equipment manufacturers (OEMs) and nonprofit organizations are the major drivers for electronic recycling market. Though e-waste represents less than 4% of the global landfill mass, it contains more than 75% of the environmentally hazardous waste.
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As electronic equipment are made up of numerous special and precious metals, maintaining circular flow helps to achieve the availability demand. Additionally, privacy protection concerns have further fueled the market growth.
Due to cost fluctuations of mined steel, most of the manufacturers adopted closed loop practice. Hence steel was the most recycled material from electronic scrap because steel was heavily used in electronic. Computer was the largest segment among recycled equipment in 2012 and is forecast to maintain its dominance in future.
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This owes to decrease in average lifecycle of computers because of micro chip development. Additionally, commercial sector were highest contributors to recycling market based on source of equipments. This attributes to infrastructural developments across developing economies.
Geographically, Europe dominated the e-waste recycling market followed by North America in 2012. The European recycling rate is slightly higher than North America due to efficient approach to recycling guided by two directives; RoHS Restriction of Hazardous Substances Directive and the Waste Electrical and Electronic Equipment (WEEE).